CONDOMINIUM MARKET 🏢 Senate Approves Condominium Redevelopment Bill on Third Reading The Philippine Senate has approved on third and final reading Senate Bill No. 2420, or the proposed Condominium Redevelopment Act, a measure seeking to modernize the country's nearly 60-year-old Condominium Act. The bill, approved by 18 senators, seeks to establish updated rules covering the maintena...
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🏠 CEBU HOUSING MARKET Why Affordability Is Becoming a Bigger Challenge Housing demand in Central Visayas remains strong, but for many buyers, the bigger challenge is no longer finding a property—it is finding a home they can realistically afford. Recent discussions involving the Subdivision and Housing Developers Association (SHDA) highlighted several factors contributing to rising...
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MARKET OUTLOOK Colliers: From Lots to Pax Silica, Where Could the Next Philippine Property Boom Happen? MANILA — The next major Philippine real estate growth story may not be centered on another condominium tower in Metro Manila. Instead, emerging opportunities could increasingly be found outside the capital, where demand for house-and-lot developments, lot-only projects, industrial...
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⚖️ PHMLS NEWS | SUPREME COURT RULING Verbal Promises Should Never Replace Proper Documentation A recent Supreme Court ruling involving Empire East Land Holdings, Inc. offers an important reminder to real estate buyers: If an important promise affects your decision to purchase, make sure it is properly documented before releasing substantial payments. In the case, a buyer paid ₱130,...
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🏠 TUESDAY 7PM | BROKERS’ SESSION FROM LISTING TO CLOSING Mastering the Real Estate Brokerage Cycle A successful real estate transaction involves more than finding a property and a buyer. Understanding the complete brokerage process—from securing the listing to closing the deal—is essential for every broker and salesperson. Join us this Tuesday for a practical discuss...
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SC: Condominium Corporations Do Not Engage in Trade or Business by Merely Collecting Association Dues The Supreme Court of the Philippines has clarified an important issue concerning condominium corporations and the taxation of association dues. The Court ruled that condominium corporations are not considered engaged in trade or business merely because they collect association dues, membersh...
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